March, 2016

• 28 March

  UAE companies jump on happiness bandwagon

  Ritika Sharma / EMIRATES BUSINESS As the government shows its commitment towards a happy UAE, companies in the Emirates are apparently doing their bit by devising strategies and making huge investments for employees. In one such example, a UAE-based business support services company, Transguard Group and healthcare provider Al Tadawi Medical Centre recently invested AED 1 million to open a ...

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• 28 March

  Abu Dhabi Airports marks a decade

  

  WAM Abu Dhabi Airports is marking a decade of innovation in aviation this year as the company celebrates its tenth anniversary. Created in 2006 through an Amiri Decree from the Executive Council of Abu Dhabi, Abu Dhabi Airports Company was formed to spearhead the development of the Emirate’s aviation infrastructure, and assumed responsibility for the operation and management of Abu ...

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• 28 March

  Business travel, the simple way

  

  Ritika Sharma / Emirates Business Global business travel spending which crossed US$1.25 trillion last year is set to increase by 6.5 percent and remain strong through 2019. Growth is projected to increase 6.9 percent in 2016, 6.0 percent in 2017, 6.4 percent in 2018 and 5.8 percent in 2019, according to GBTA Foundation’s BTI Outlook – Annual Global Report & ...

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• 28 March

  Cyber-attacks among top concerns for business leaders

  Emirates Business A newly-released report from the Business Continuity Institute identifies cyber-attacks as the top threat faced by businesses today. The 5th annual BCI Horizon Scan report is a research study produced in association with business services provider BSI, assessing business preparedness and measuring the feelings of business continuity and resilience professionals from 568 organisations globally. It provides an insight ...

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• 28 March

  Masdar’s new device to help easy generation of solar energy

  

  WM Researchers from the Masdar Institute of Science and Technology have developed a novel device that can track and concentrate sunlight onto high-efficient solar cells, without mechanically moving to follow the sun’s path across the sky. This proof-of-concept research is the first step towards the development of a self-tracking concentrating photovoltaic (CPV) system. “Traditional CPV systems rotate solar panels to ...

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• 28 March

  European countries challenge austerity, but lack cash to spend

  

  lisbon / AP The construction cranes poking up from the jumble of terracotta roofs on Lisbon’s skyline can be counted on one hand — a dismal reminder for Ricardo Gomes of how little work there is for his construction company. The Portuguese Socialist government has promised to change that, advocating an end to Europe’s years of budget austerity by increasing ...

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• 28 March

  London city top air carrier sold back to founder

  

  Bloomberg Pat Byrne, chairman of CityJet Ltd., purchased the carrier he once founded — less than a month after the sale of London City airport. Byrne, his management team and an unidentified consortium of private equity companies purchased CityJet, the largest airline at the airport, from Intro Aviation GmbH, the German company said in a statement, without disclosing financial details. ...

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• 28 March

  Creditors give Spain’s Abengoa 7 months’ grace

  

  Madrid / AFP One of the world’s biggest renewable energy firms, Spain’s Abengoa, said on Monday it had been given a seven-month breathing space by its creditors for restructuring that should stave off the threat of immediate bankruptcy. The company ended 2015 with a debt of €9.4 billion, which it hopes to slim to €4.9 billion. It announced in November ...

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• 28 March

  EU privacy court cases loom over new transatlantic data transfer pact

  Brussels / Reuters Three cases on the legality of bulk data collection pending at the top European Union court could spell trouble for a new transatlantic data pact that will underpin billions of dollars in digital trade. EU and U.S. officials clinched an agreement on the Privacy Shield framework on Feb. 2 after two years of difficult talks aimed at ...

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• 28 March

  Fist-bump austerity exposes strains on Finland’s consensus model

  

  Helsinki / Reuters If one fist bump could endanger Finland’s increasingly stressed tradition of consensus politics, then Prime Minister Juha Sipila and a cabinet colleague may just have achieved this dubious distinction. In a nod to popular culture, a smiling Sipila and his finance minister Alexander Stubb punched each other’s fist to celebrate a breakthrough in negotiating one of Finland’s ...

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